Posts Tagged ‘Central Bank of Nigeria’

We Disbursed $13.99bn Forex In 6 Months — CBN

by Seun Adeuyion October 8, 2020
According to the Central Bank of Nigeria (CBN) quarterly statistical bulletin on ‘Supply of forex’, the Apex bank supplied $13.99bn into the market between January and June. The forex were supplied to the Bureau De Change operators, the interbank segment, and also the Investors & Exporters window, Small and Medium Enterprises (SMEs) and invisibles. The […]

JUST IN: Finance Minister Says Central Bank Is In Sync With FG’s #COVID19 ESP Measures

by Olatorera Dickson-Amusaon August 3, 2020
The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed in a brief statement publicized by the official Twitter account of the Nigerian Government, on Tuesday spoke on the Nigerian Government’s Economic Sustainability Plan (ESP). “ESP is a plan that is for 12 months, designed to help the economy and also help our capacity […]

Banks’ Non-Performing Loans Now N1.2tn, Says CBN

by Seun Adeuyion July 28, 2020
Statistics obtained from the Central Bank of Nigeria (CBN) yesterday, have revealed that Banks’ non-performing loans stood at N1.2tn as of the end of June. The figures amounted to about 6.4 per cent of the gross credit of the banks to the economy which stood at N18.9tn as of the period under review. According to […]

GB Foods Completes Nigeria’s Second Largest Tomato Factory, Allying With CBN & Kebbi Govt

by Olatorera Dickson-Amusaon July 16, 2020
GB Foods on Thursday reminded Nigerians about a recently completed N20 billion Tomato Processing Factory and Industrial Farm in Kebbi State, in collaboration with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri. The factory is located in Yauri, Kebbi State, with Kebbi’s government expressing optimism that the collaboration will […]

“Persons With Selfish Motives Will Not Deter Nigeria’s Economic Growth” – Emefiele, CBN

by Olatorera Dickson-Amusaon June 24, 2020
Governor of The Central Bank of Nigeria (CBN) Godwin Emefiele, says he and his team will not be deterred in their effort to steer the Nigerian economy away from the looming recession due to the global impact of the Coronavirus (COVID-19) pandemic. According to Emefiele, this is in spite of the push by some vested […]

Bank Charges on Deposits, Withdrawals, begins April 1

by Ikokwu Ikembaon March 6, 2020
The nationwide implementa-tion of the Central Bank of Nigeria (CBN)’s cashless policy on deposits and withdrawals above N500,000 will take effect nationwide from April 1. This was made known in an electronic mail message sent by the Guaranty Trust Bank to its customers yesterday. According to the message, there will be three per cent processing […]